Increasing costs and declining availability of key building materials dampened builder sentiment, as higher costs have pushed some new homes beyond the budget of prospective buyers.

With high costs slowing construction and potentially lowering homeownership for many, easing zoning rules may be the most effective way to increase the supply of new housing.

High-end home sales surged in the three months ended April 30 as prices also rose and listings increased.

MyHouseDeals determined Houston was one of the hottest markets for residential real estate investing after analyzing the following: wholesale real estate deals, foreclosures, motivates Multiple Listing Service (MLS) deals and motivated seller deals.

Longer-commute areas continued to claim the largest market share in single-family home building, but the construction growth rate was strongest in places with shorter commuting times, the National Association of Home Builders said, citing its quarterly Home Building Geography Index.

The new corporate sponsorship makes certain training, resources and networking opportunities available to RE/MAX agents.

Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).

Special questions added to the National Association of Home Builders’ monthly builder survey found 90% or more of respondents had experienced shortages of plywood, oriented strand board, framing lumber and appliances, with most other materials also hard to come by.

The number of Asian-headed households grew 83% in the past two decades, but economic inequality and inequity between different Asian ethnic regions is still an issue.

Year over year, however, pending home sales were up 57.1%, the NAR said, citing its monthly Pending Home Sales Index.

A current Guinness World Record title holder, Caballero has been ranked the No. 1 real estate agent in the U.S. since 2013 by RealTrends and individually sold 6,438 homes in 2020.

“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan

The national year-over-year gain is the highest recorded since December 2005, Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indexes, said in a press release.

The pandemic changed the way many of us look at our living spaces. NAHB surveyed prospective buyers to see how their preferences have changed.

A recent NAHB survey shows that regulatory costs imposed by the government account for $93,870 (or 23.8%) of the current price of new homes.

Residential property equity continued to grow in the first quarter of 2021, with one in three homes considered equity rich.